Auto Prop Reit (TSE:APR) Rating Increased to Moderate Buy at Desjardins

Auto Prop Reit (TSE:APR) was upgraded by stock analysts at Desjardins from a “hold” rating to a “moderate buy” rating in a research note issued to investors on Thursday,Zacks.com reports.

Auto Prop Reit Stock Performance

Auto Prop Reit (TSE:APR) last released its earnings results on Wednesday, August 14th. The company reported C$0.74 earnings per share for the quarter, topping the consensus estimate of C$0.25 by C$0.49. The firm had revenue of C$23.52 million during the quarter.

About Auto Prop Reit

Automotive Properties REIT is an unincorporated, open-ended real estate investment trust focused on owning and acquiring primarily income-producing automotive dealership properties located in Canada. The REIT's portfolio currently consists of 64 income-producing commercial properties and one development property, representing approximately 2.5 million square feet of gross leasable area, in metropolitan markets across British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Québec.